NEW YORK ( TheStreet) -- Ruddick Corporation (NYSE: RDK) hit a new 52-week high Tuesday as it is currently trading at $40.75, above its previous 52-week high of $40.67 with 19,515 shares traded as of 10:36 a.m. ET. Average volume has been 242,400 shares over the past 30 days.

Ruddick has a market cap of $2 billion and is part of the services sector and retail industry. Shares are up 7.1% year to date as of the close of trading on Monday.

Ruddick Corporation, through its subsidiaries, operates a regional chain of supermarkets in the southeastern and mid-Atlantic United States. The company has a P/E ratio of 15.6, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Ruddick as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Ruddick Ratings Report.

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